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Legislation
Capital Allowances Act 2001

Chapter 3 Qualifying expenditure

  • Section 369 Capital expenditure on construction of agricultural building
  • Section 370 Purchase of relevant interest before first use of agricultural building
  • Section 371 Different relevant interests in different parts of the related agricultural land
  1. Chapter 3 · Qualifying expenditure
  2. Different relevant interests in different parts of the related agricultural land

Section 371 | Different relevant interests in different parts of the related agricultural land

From legislation.gov.uk

If a person is entitled to different relevant interests in different parts of the related agricultural land—F1

(a)the expenditure is to be apportioned between those parts on a just and reasonable basis, andF1

(b)this Part applies as if the person had incurred the expenditure apportioned to each part separately.F1

Notes

  1. F1

    Pt. 4 omitted (with effect in relation to chargeable periods beginning on or after 1.4.2011 for corporation tax purposes and 6.4.2011 for income tax purposes in accordance with ss. 84(1)(3)(4), 85 of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 84(2) (with Sch. 27)

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